The Government Employees Pension Fund (GEPF) has about 30 days to make a decision on its interest in Naspers after the Public Investment Corporation (PIC) was reported to have advised it to reduce its shareholding.

Steinhoff International fell nearly 10percent during early trade on the JSE yesterday, despite the retailer saying it narrowed its losses to 1.19billion (R19.53bn) for the year to end September 2018 from a 3.99bn loss in 2017.